[Nameplate] Partly Cloudy ~ 51°F  
High: 68°F ~ Low: 50°F
Monday, May 2, 2016

Alton SB places bond issue on ballot

Thursday, August 29, 2002

ALTON -- The annual tax rate hearing was held at a special called meeting of the Alton School Board Aug. 22. School board members agreed and voted to set the tax rate at $2.75 per $100 assessed evaluation.

The regular board meeting was held following the tax rate hearing and Tom McGuire with the McLiney Company was on hand to explain what QZAB is. He explained that this is a 14-year interest free bond with no payments required on the principal until the end of the 14 years. After much discussion on the issue including questions from school patrons, members of the school board voted to place the QZAB issue on the November election ballot.

The bond issue recently appeared on the Aug. 6 ballot and was defeated by 144 votes by voters of the Alton School District. In August school board members asked for a $1 million bond. This time the QZAB bond will be for $500,000 and it will be specified only for roofing work on school buildings and to pave the parking lot at the school to make it ADA accessible. A four-sevenths majority of the vote will be needed for the bond issue to pass.

In other business school board members discussed the status of the old elementary building. School board members voted to hire Scott Consulting to draw up plans for the demolition of the building.

The next meeting of the Alton School Board will be Sept. 12.

Respond to this story

Posting a comment requires free registration: